Brand Expansions, Cash Dividends, Financial Results, Conference Call Schedules, and Strategic Alliances - Research Report on PulteGroup, Fastenal, Meritage Homes, Xylem, and Taylor Morrison
NEW YORK, October 28, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Analysts' Corner announced new research reports highlighting PulteGroup, Inc. (NYSE: PHM), Fastenal Company (NASDAQ: FAST), Meritage Homes Corporation (NYSE: MTH), Xylem Inc. (NYSE: XYL), and Taylor Morrison Home Corporation (NYSE: TMHC). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
PulteGroup, Inc. Research Report
On October 15, 2013, PulteGroup, Inc. (PulteGroup) reported the expansion of one of its national brands, Pulte Homes with a new community in Orinda, Orinda Grove, offering homes in an established neighborhood and highly sought-after market. According to the Company, Orinda Grove features six spacious home designs ranging in size from 1,533 to 2,672 square feet, with three and four bedrooms, two and three baths and open living areas for optimal living. Steve Kalmbach, President of PulteGroup's Northern California Division said, "There are very few opportunities to build new communities in Orinda, especially in a location that is adjacent to BART and downtown." Kalmbach added, "We see this new community as a great opportunity for families and empty nesters seeking a new home in a tremendous location at a good value." The Full Research Report on PulteGroup, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/f945_PHM]
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Fastenal Company Research Report
On October 8, 2013, The Fastenal Company announced that its Board of Directors has declared a cash dividend of $0.25 per share. According to the Company, the dividend is payable on November 22, 2013 to shareholders of record at the close of the business on October 25, 2013. The Full Research Report on Fastenal Company - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/7d6f_FAST]
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Meritage Homes Corporation Research Report
On October 23, 2013, Meritage Homes Corp. (Meritage Homes) reported its Q3 2013 financial results. The Company reported net earnings growth of 463.0% YoY to $38.2 million, primarily driven by higher home closing revenue and gross margins, coupled with overhead expense leverage. The Company also posted diluted EPS of $0.99 per diluted share during the quarter, compared to $0.19 per diluted share in Q3 2012. Meritage Homes' total revenue came in 43.6% YoY higher at 492.1 million in Q3 2013. Steven J. Hilton, Chairman and CEO of Meritage Homes, said, "We are pleased with the strong operating results we achieved again this quarter, including our highest level of home closings and closing revenue in the last five years, and our highest gross margin in more than seven years, with a 44% increase in home closing revenue and a 420 basis point improvement in home closing gross margin. We are focused on delivering earnings growth by leveraging our operating structure in addition to growing our top line. This was our seventh consecutive quarter in which we increased net earnings year-over-year." The Full Research Report on Meritage Homes Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/45c8_MTH]
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Xylem Inc. Research Report
On October 21, 2013, Xylem Inc. (Xylem) announced that it has signed a cooperation agreement with WaTech, Israel's national water company, to evaluate new water technologies and accelerate commercialization of innovative products and services. As per the terms of the agreement, the organizations will jointly assess emerging technologies related to water quality and security, optimization of water supply and sustainable water and wastewater treatment and reuse. "We are proud to be partners with Mekorot WaTech on this meaningful initiative," said Steve Loranger, CEO and President of Xylem. "Innovative and pioneering product development is at the very heart of what Xylem does. As global leaders in water, our mission is to play a leading role in solving the multifaceted issues we all face in securing a safe and sustainable water supply." According to the Company, the cooperation agreement will also enable Xylem to test new products at Mekorot facilities as a way to demonstrate product viability, providing the opportunity to accelerate development. The Full Research Report on Xylem Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/c0ed_XYL]
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Taylor Morrison Home Corporation Research Report
On October 14, 2013, Taylor Morrison Home Corp. (Taylor Morrison) announced the schedule of its quarterly earnings release. According to Taylor Morrison, the Company will release its Q3 2013 financial results after the market closes on Tuesday, November 12, 2013. Taylor Morrison informed that it will also hold a conference call to discuss its financial results on the same day at 4:30 p.m. ET, and a live audio webcast of the call will be available on the Company's website. The Full Research Report on Taylor Morrison Home Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/cdca_TMHC]
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